Target Hospitality (NASDAQ:TH) Shares Up 3.1% Following Analyst Upgrade

Key Points

• Target Hospitality's stock price increased by 3.1% following an analyst upgrade from Stifel Nicolaus, which raised its price target to $11.00 from $7.50.
• Despite the upgrade, Wall Street Zen downgraded the stock from a "hold" rating to a "sell" rating, reflecting mixed analyst opinions.
• Target Hospitality reported a loss of ($0.15) EPS for the last quarter, missing analysts' expectations but exceeded revenue predictions with $61.61 million.

Shares of Target Hospitality Corp. (NASDAQ:TH - Get Free Report) were up 3.1% during trading on Wednesday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $8.85 and last traded at $8.87. Approximately 63,045 shares changed hands during trading, a decline of 90% from the average daily volume of 608,511 shares. The stock had previously closed at $8.60.

Separately, Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and increased their price objective for the company from $7.50 to $11.00 in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $13.00.

Hedge Funds Weigh In On Target Hospitality

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Caxton Associates LLP acquired a new position in Target Hospitality in the 2nd quarter worth approximately $330,000. Rubric Capital Management LP increased its holdings in Target Hospitality by 9.5% in the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company's stock worth $15,589,000 after buying an additional 189,456 shares during the period. Man Group plc increased its holdings in Target Hospitality by 56.4% in the 2nd quarter. Man Group plc now owns 53,036 shares of the company's stock worth $378,000 after buying an additional 19,132 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Target Hospitality by 7.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 135,179 shares of the company's stock worth $962,000 after purchasing an additional 9,908 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Target Hospitality by 121.2% during the 2nd quarter. Bank of America Corp DE now owns 111,693 shares of the company's stock worth $795,000 after purchasing an additional 61,195 shares during the period. Institutional investors and hedge funds own 32.40% of the company's stock.

Target Hospitality Stock Down 1.5%

The firm has a market cap of $884.55 million, a price-to-earnings ratio of 88.69 and a beta of 1.92. The business's 50 day moving average price is $7.69 and its 200 day moving average price is $7.18. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.47 and a current ratio of 1.47.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). The firm had revenue of $61.61 million for the quarter, compared to analyst estimates of $56.43 million. Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%. Target Hospitality has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Target Hospitality Corp. will post 0.65 EPS for the current year.

About Target Hospitality

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services - South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.